Numerous types of business software are available to help companies make better decisions and perform more efficiently. For instance accounting software helps businesses keep track of the bookkeeping and financial transactions, while project management software assists teams plan and manage projects. Other business applications that are useful include collaboration and communication tools, which enable employees to share ideas and work on projects together, even when they aren’t located in the same space.
To effectively manage a business, it is necessary to have a stable workflow and a software infrastructure that is compatible with the long-term objectives of your company. Effective application management (AM) helps you attain these goals by increasing productivity, reducing operational expenses and gaining competitive advantage.
Stakeholders who are involved in the management of applications comprise the following groups:
Application Managers The group of IT professionals oversees the applications of your business. They are responsible for building and maintaining a list of all the software tools utilized by the company, as well as determining the best models, hosting models and integrations. The team also manages budgets for projects as well as daily operations, and provides reports on the results to executives and stakeholders.
Business Unit Owners: Most often responsible for selecting the business functions and applications that increase growth These employees work in conjunction with IT teams to design more user-friendly solutions, and implement tactics to encourage participation and adoption. This might include implementing better user education programs and setting up a system to get regular feedback on their effectiveness. These individuals must also inform users that they are required to upgrade or modify their applications due to technological advancements or transformational changes.